Covid 19: Navigating uncharted waters

The global pandemic which is the coronavirus is, first and foremost, a human and social tragedy which we now know will fundamentally impact on how we all live our lives, work and run our businesses.

Sensitive to that context, we share with you some of the questions which we are being asked by our colleagues in the financial institutions and offer our thoughts about how, inevitably, contentious issues will arise over the near and medium-term future.

As well as the immediate business continuity and inevitable contentious issues arising over the near-term, your compliance and regulatory teams will also be focused on minimising litigation and enforcement risk. We have put together two notes setting out our thoughts on the immediate and longer term impact of this crisis in the context of PRA and FCA enforcement work and broader litigation risk.